Home English News Selangor Makes Final RM9.65 Billion Bid For Water Concessionaires

Selangor Makes Final RM9.65 Billion Bid For Water Concessionaires

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Shah Alam, Nov 22 – The Selangor government made a final offer of RM9.65 billion to purchase the four state water concessionaires Thursday.

The companies are Syarikat Bekalan Air Selangor Sdn Bhd, Konsortium Abbas Sdn Bhd, Puncak Niaga Sdn Bhd and Syarikat Pengeluar Air Selangor Holdings Bhd which cover Selangor, Putrajaya and Kuala Lumpur.

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A Selangor Menteri Besar Office statement today said the offer was the result of a series of discussions between the state government and the Ministry of Energy, Green Technology and Water.

It said the offer letters were sent through the state government’s subsidiary Kumpulan Darul Ehsan Berhad (KDEB) and required a response within 14 days, which is by 5 pm the latest on Dec 4.

“The offer also states that KDEB will settle all arrears incurred by the four companies including the relevant commercial bonds, loans and government loans,” Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim said in the statement.

“The offer is also in line with Prime Minister Datuk Seri Najib Tun Razak and Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili’s support to integrate the state water industry, which was expressed through their letters in June and September,” he said.

Bernama